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BOJ's Kamezaki says Japan recovery not yet strong

Bank of Japan policy board member Hidetoshi Kamezaki said Japan's economic recovery lacks strength as export growth will likely moderate and government stimulus steps are set to expire.

Euro slips from 11-wk highs, Aussie down after CPI

The euro slipped below a key level against the dollar on Wednesday, dented by profit-taking after it hit an 11-week high, while the Australian dollar fell as inflation data pared the chances of an interest rate rise next week.

Gold claws back after overnight plunge

Gold prices recovered in Asian trade Wednesday after an overnight plunge of nearly two percent mainly on global stocks rally. Gold for immediate delivery was seen trading at $ 1163.51 an ounce at 12.00 noon Singapore time after hitting a near three-month low on Tuesday.

Asian stocks and euro ease on profit-taking

The euro slipped from 11-week highs and Asian stocks marked time on Wednesday as a recent rally lost steam after a drop in U.S. consumer confidence, while the Australian dollar fell on a sharp slowdown in inflation.

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Daily Forex Commentary 28/7/2010

An increase in the Australian Conference Board leading index from 0.1% to 0.3% during the month of May added some underlying support to the Aussie dollar in Asia yesterday as it held firm above the 90 cent handle etching out gains to enter offshore exchange at 0.9025.

BP CEO change won't diminish Gulf response: govt

The top U.S. official overseeing the response to BP Plc's Gulf of Mexico oil leak said on Tuesday he doesn't expect the company's commitment to cleaning up the spill to be diminished with its change in leadership.

Stocks sag on consumer confidence

The S&P snapped a three-day winning streak on Tuesday after mixed earnings reports and a fall in consumer confidence, but analysts said U.S. stocks were taking a breather and the rally could pick back up.

Stocks slip on consumer confidence

Yahoo Japan to switch to Google's search engine

Yahoo Japan, Japan's largest Internet portal operator, will adopt Google's search engine, refusing to follow Yahoo Inc in choosing Microsoft as a partner.

Lockheed, L-3 top estimates but outlooks diverge

Defense contractors Lockheed Martin Corp and L-3 Communications Holdings Inc beat Wall Street profit estimates on better revenue and margins but offered differing full-year outlooks.

Examiner sees signs of dishonesty in Tribune sale

The court-appointed examiner investigating Tribune Co's bankruptcy said he found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell.

Stocks dinged by consumer data

Dow, S&P rise but Nasdaq falls as data offsets earnings

The Dow industrials and the S&P 500 eked out slim gains, while the Nasdaq dipped on Tuesday as a sharp drop in July consumer confidence curbed the enthusiasm stirred by more robust earnings.

Corrected: Stocks near flat as confidence data offsets earnings

(Corrects company's name to Cummins in 2nd bullet point and paragraph 11 in midday stocks report)

Unisys posts higher quarterly profit, shares jump

IT services provider Unisys Corp's second-quarter profit more than tripled, helped by a gain from the sale of its health information management business, sending its shares up as much as 15 percent.

Corrected: Stocks down on consumer gloom despite strong earns

(Corrects spelling of company's name to Cummins in 2nd bullet point and paragraph 10 in late morning report)

U.S. local govts warn: More jobs will be axed

Local government revenue has dwindled so severely that U.S. cities and counties will have to cut hundreds of thousands of jobs in the coming months, leaving communities without basic services and pressuring jobless rates.

Americans want Obama to focus more on jobs

Americans by a large majority believe President Barack Obama has not focused enough on job creation, as economic fears threaten Democrats ahead of November 2 elections

Wall St near even as sagging confidence offsets results

U.S. stocks barely budged on Tuesday as consumer confidence sank in July, offsetting enthusiasm stirred by more robust earnings.

Goldman offers service to aid derivatives clearing

Goldman Sachs on Tuesday said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes.

Wall St near flat as confidence data offsets earnings

Stocks were little changed as data showing worsening consumer confidence offset optimism fueled by more upbeat earnings reports.

Consumer confidence dims as home prices climb

Job worries drove July U.S. consumer confidence to its lowest since February, with one in six people expecting lower income in the next six months, underscoring the precarious state of economic recovery.

Goldman launches derivatives clearing service

Goldman Sachs on Tuesday said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes.

DuPont boosts 2010 forecast

DuPont forecast 2010 earnings well above expectations on Tuesday, sending its shares up 4.1 percent, as the rebounding global economy continued to fuel the company's recovery.

Wall St near flat; confidence data offsets earnings

Stocks were little changed as data showing worsening consumer confidence offset optimism fueled by more upbeat earnings reports.

Lockheed and L-3 top estimates but outlooks vary

Defense contractors Lockheed Martin Corp and L-3 Communications Holdings Inc beat Wall Street profit estimates on Tuesday on better revenue and margins but offered differing full-year outlooks.

Consumer confidence falls to lowest since February

Consumer confidence fell in July to the lowest level since February, weighed mostly by worries about the job market, according to a private sector report released on Tuesday.

UBS outshines Deutsche Bank as wealth turnaround nears

UBS flagged a return to client inflows this year as strong equities and forex trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by Europe's sovereign debt crisis.

Wall St down on consumer gloom despite strong earnings

Weaker-than-expected consumer confidence reversed early stock gains fueled by strong corporate earnings on Tuesday, leaving indexes slightly lower.

Home prices gain on robust spring sales

Single-family home prices rose more than expected in May, still reflecting robust spring sales spurred by homebuyer tax credits, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.

DuPont shares surge after forecast

DuPont forecast 2010 earnings well above expectations on Tuesday and said its second-quarter profit nearly tripled as the rebounding global economy continued to fuel the company's recovery, sending it shares up 4.6 percent.

Home prices rise 0.5 percent in May

Single-family home prices rose more than expected in May, still reflecting robust spring sales spurred by homebuyer tax credits, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.

Corrected: UBS Americas brokerage posts loss

(Corrects layoff restructuring charge in paragraph 5 to 19 million francs from 19 billion)

U.S. home prices rise 0.5 percent in May

U.S. single-family home prices rose more than expected in May, still reflecting robust spring sales spurred by homebuyer tax credits, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.

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